Companies / Libya
Libyan Potential Continues To Draw IOCs
February 2007 | Industry NewsSince the lifting of US sanctions against Libya in 2004, international oil companies (IOCs) have been queuing up to obtain acreage in the country and start tapping the wealth contained in its oil fields. Libya has now held three licensing rounds for oil exploration and has awarded exploration and production sharing agreements (EPSA) to several IOCs from the US, Europe and Asia. Now, according to a report in
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